Technical Momentum Shifts Amid Market Volatility
Technical Trend Overview
Pokarna’s price action has moved from a previously sideways pattern into a mildly bearish trend, signalling a subtle change in investor sentiment. The daily moving averages suggest a mild bearish inclination, indicating that short-term price averages are positioned below longer-term averages, which often points to downward pressure on the stock price. This shift is further corroborated by Bollinger Bands readings on both weekly and monthly charts, which are currently bearish, implying that the stock price is trading near the lower band and volatility may be elevated.
MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator presents a mixed picture for Pokarna. On a weekly basis, the…
